Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
973404 | Mathematical Social Sciences | 2006 | 7 Pages |
Abstract
Under two reasonable axioms, a generalized variant of the Edgeworth–Pareto principle in terms of a choice function is substantiated. According to this principle, for any choice function, its value must be a subset of the Pareto set. It is shown that, if at least one of the axioms is ignored, then the Edgeworth–Pareto principle may be violated. As a particular case, the Edgeworth–Pareto principle in terms of preference relations is derived.
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Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Vladimir D. Noghin,